Waiting for Yahoo to Call a Brighter Tune

By

Spencer Jakab

Jan. 27, 2013 8:32 p.m. ET

Coulda, woulda, shoulda. There is no sense dwelling on the $23 billion in incremental value Yahoo Inc. left on the table by spurning Microsoft Corp.'s buyout offer. That was five years and three CEOs ago.

Monday's fourth-quarter earnings report will tell investors how Yahoo is doing today. The company is seen earning 27 cents a share versus 24 cents a year earlier. But performance in key Web categories continues to atrophy.